Tag Archives: real estate owned

Trying to help those on the brink of foreclosure, many banks have joined forces to help with refinancing of at risk homeowners. Many homeowners got themselves into a pickle with those adjustable rate mortgages or ARM’s. The lending requirements are tightening to such extremes making it difficult for homeowners to escape their ARM’s. This new bit of legislature will hopefully make it easier for them to refinance into a standard mortgage.